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Business News/ Companies / News/  Nishi Vasudeva selected to head Hindustan Petroleum
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Nishi Vasudeva selected to head Hindustan Petroleum

Vasudeva, 57, will take over as the CMD when incumbent Subir Roy Choudhury retires on 28 February

An IIM-Kolkata graduate, Nishi Vasudeva was previously executive director (marketing-coordination) at HPCL before she came to the board of India’s third biggest oil PSU. Photo: Mint (Mint)Premium
An IIM-Kolkata graduate, Nishi Vasudeva was previously executive director (marketing-coordination) at HPCL before she came to the board of India’s third biggest oil PSU. Photo: Mint
(Mint)

New Delhi: Nishi Vasudeva was selected on Wednesday to head Hindustan Petroleum Corp. Ltd (HPCL), the first woman ever to head a Navranta PSU.

Vasudeva, 57, is currently director (marketing) in HPCL and will take over as the chairman and managing director of the company when incumbent Subir Roy Choudhury retires on attaining supperannuation age on 28 February next year.

The Public Enterprise Selection Board (PESB) selected her after interviewing seven shortlisted candidates, including P.K. Joshi, director (human resources), HPCL. “PESB recommended the following name for the post of chairman and managing director, HPCL—Ms Nishi Vasudeva," it said on its website.

Vasudeva had created history in July 2007 when she became the first women ever to make to a the board of cash-rich oil PSU. And after Wednesday’s selection, she will be the first women to head a Navaratna.

The PESB recommendation will now go the oil ministry and once oil minister M. Veerappa Moily concurs, CVC and CBI clearances will be sought. Upon being cleared, her candidature will then be forwarded to the cabinet committee on appointments.

An IIM-Kolkata graduate, Vasudeva was previously executive director (marketing-coordination) at HPCL before she came to the board of India’s third biggest oil PSU.

Beginning her career in the oil industry with Engineers India Ltd, she has a wide experience spanning over 36 years in various streams such as marketing, corporate, strategy and planning and information system. She served as executive director of LPG at HPCL and was also chairperson of Bhagyanagar Gas Ltd.

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Published: 21 Aug 2013, 11:05 PM IST
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